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The Almighty Buck

Submission + - IRS to go after eBay sellers

prostoalex writes: "Fed up with numerous violations of tax law by individuals and businesses selling goods on eBay, Amazon Marketplace, uBid.com, etc., IRS is pushing Congress to make online marketplaces responsible for reporting the sales information to the tax man, in order to prevent under-reporting of the income. eBay's "own statistics suggest that there are 1.3 million people around the world who make their primary or secondary source of income through eBay, with just over 700,000 in the United States", News.com.com.com says."

When a fellow says, "It ain't the money but the principle of the thing," it's the money. -- Kim Hubbard

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